China Investment Corporation (CIC), the country’s main sovereign wealth fund, posted a 10.65% return on its overseas investment in 2012, registering an above 5% cumulative annualized return since its establishment in 2007. This is a significant improvement compared with the 4.3% loss last year, the fund’s worst performance in 5 years.
As a young member of the sovereign-wealth fund club, CIC has been constantly adjusting its strategies to respond to the changing international environment and to better serve its mandate of achieving higher returns on China’s rapidly growing foreign exchange reserves...............................................Full Article: Source